Sentences with phrase «increasing state cap»

Schnebel, who is president of the Suffolk school chiefs organization, said the extra money would help districts cope with increasing state cap limitations on local property taxes.

Not exact matches

The Liberals provided no costing, but stated they would remove the existing 2 % cap on annual spending increases.

Changes to the tax code, including capping the mortgage interest deduction and state and local tax (SALT) deduction, will increase the burden of state and local taxes in these states.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Seattle FHA loan limits were also increased for 2016, and they match the conforming caps stated above.

The tax rate increase request is in response to the drop in property - tax revenues caused by the state tax cap, she said.

The state tax cap would come into play if the village wanted to increase property - tax rates to fund the park commission.

One point of contention is a $ 500,000 bond issue passed this fall by the park board just before a state - imposed cap on property - tax increases took effect Oct. 1.

The program — which Cuomo first billed as a «freeze» on tax increases — is designed to push local governments to keeping under the state's cap on property tax increases and find ways to share services.

A range of business groups on Tuesday backed Senate Majority Leader John Flanagan's push to make the state's cap on annual property tax increases permanent.

At the time, in remarks that drew scant notice, Nixon was critical of the state's cap on local property tax increases.

Westchester County Executive George Latimer pointed to the $ 10,000 cap on state and local tax deductions by the federal government as having «changed the game» for taxpayers in New York, making the limit on tax levy increases all the more important.

Republican Sen. Bill Larkin in a letter to the editor released on Thursday called for a permanent extension of the state's cap on property tax increases.

School spending on Long Island is projected to rise an average 2.35 percent for the 2017 - 18 school year, with school taxes to increase an average 1.73 percent — more than this year's hikes, but within state tax - cap restrictions for the great majority of districts.

Edwards, who last week unveiled a 2012 budget proposal that called for a 12 percent property tax increase, said he wants the Legislature to debate refusing to fund state mandated programs like welfare and Medicaid beyond the 2 percent cap.

Flanagan renewed traditional Republican calls for the budget, including a permanent cap on property tax increases and a cap on spending increases at 2 percent enshrined in state law.

In this era of declining school enrollment, increasing costs and tax increases limited by the tax cap imposed by New York State, consolidating school districts seems like a no - brainer.

Azzopardi said Cuomo has signed a property tax cap, approved a law to encourage local governments to stay within the cap and increased state spending at a slower rate than recent predecessors.

The property tax cap is now in its sixth year, and according to David Albert with the New York State School Boards, most of the state's nearly 700 school districts are asking for increases that are within the limits of theState School Boards, most of the state's nearly 700 school districts are asking for increases that are within the limits of thestate's nearly 700 school districts are asking for increases that are within the limits of the cap.

The governor said the state has made great strides in minimizing tax increases, and shared services programs and the tax cap are helping to start make progress on the property tax.

She also came out against the state's 2 percent cap on increases in local property taxes.

The estimated tax increase marks the first time the supervisor has proposed piercing the state's tax levy cap since the law went into effect in 2012.

Backdoor borrowing by the state Dormitory Authority, of course — duly reflected by an increase in DASNY's bond cap for this purpose, so you know they mean it.

Local school districts are preparing for another tight budget season this year, with minimal state aid increases projected in Gov. Andrew Cuomo's tentative spending plan and a cap of less than 2 percent on tax levy growth.

That is more than many states, but the amount the counties pay is capped and does not increase with inflation.

In 2014, legislators did not take her advice to cut down on the county's workforce, instead opting to increase the tax levy over the state tax cap, and pull $ 1 million from the fund balance.

Greenport voters will likely be asked to pierce the state property tax cap this year as school administrators plan for what is expected to be among the largest tax levy percentage increases of any Long Island district, according to data recently filed with New York State Comptroller Thomas DiNapoli's ofstate property tax cap this year as school administrators plan for what is expected to be among the largest tax levy percentage increases of any Long Island district, according to data recently filed with New York State Comptroller Thomas DiNapoli's ofState Comptroller Thomas DiNapoli's office.

Southold Town Supervisor Scott Russell said the town will be forced to pierce the state tax cap next year for the first time since the legislation was implemented in 2012, stating the 0.68 percent increase set by the state for 2017 is too low to cover basic costs.

«As the cap fluctuates below two percent, it becomes increasingly difficult to stay under the levy limit while also dealing with increased costs and uncertain state aid.

Most New Yorkers recognize that it was Senator Skelos» leadership that allowed us to enact a property tax cap, eliminate the MTA payroll tax for thousands of businesses and all schools, rightsize state government, expand the DNA databank to help prosecutors fight crime, mandate life without parole for anyone who kills a first responder and increase penalties for criminals who use illegal guns.

«In that spirit, I am writing to you today to open a dialogue that I hope will help us work together to enact much - needed reforms on which the NFIB and the WFP now stand united: Enactment of a property tax and a spending cap, reducing state spending and our job - killing cost of doing business and fighting efforts to increase taxes even further in New York.»

The tax cap talk at the joint legislative hearing on the state budget and its impact on local governments was dovetailed by the GOP - led Senate approving, once again, a cap on property tax increases for New York City.

Democratic lawmakers filed legislation Wednesday to cap fee increases at two percent annually — matching the state's two percent property tax cap.

Overall, Cuomo's budget caps state spending increases at under 2 percent over last year's budget.

As POLITICO New York has previously reported, the amendments increase the benefit offered under the governor's paid family leave proposal to the state's lowest paid workers, but keep in place a cap on benefits of just over $ 500 per week.

Despite capping cost increases in recent years, local governments in New York spend more on Medicaid than localities in the other 49 states combined.

Jumaane Williams, the New York City councilman and progressive activist who's seeking to unseat Lt. Gov. Kathy Hochul in September's primary, wants the state to end Gov. Andrew Cuomo's 2 percent spending cap and increase taxes on the rich.

Among other findings, the report also revealed that while the total number of County residents on Medicaid has risen due to fuller implementation of the Affordable Care Act («ACA»), Erie County's portion of Medicaid costs is projected to drop by more than $ 6.4 million from 2013 due to the Act's implementation and the state's Medicaid cap, and is approximately $ 340,000 less than 2012; the biggest increase in Medicaid recipients was seen among whites age 18 - 64, while other demographics remained consistent; and that the number of persons on Medicaid continues to grow at an average rate of more than 4 % each year, a trend noted by the Medicaid Inspector General's office in his September 2013 report.

In the 2017 - 18 New York State Budget, the Governor encouraged increasing industrial hemp research by lifting the cap on the number of authorized growing sites.

But state lawmakers should be expected to recognize that the tax cap is working the way it was designed, and that it will continue to keep increasing amounts of money in their constituents» pockets — as long as they leave it undisturbed.

Residents of the Bridgehampton and East Hampton school districts aren't eligible because the districts» tax increases in 2014 exceeded a state - imposed tax cap.

She said she would amend the state's 2 percent cap on property tax increases — «if a locality itself wants to raise taxes on itself to pay for education, I think we shouldn't make that so onerous» — and backed the Assembly's plan to raise taxes on New Yorkers reporting more than $ 5 million in income.

Individuals should be banned from lending parties money, donations should be limited, spending capped, and state funding increased if the public are to regain trust in the funding of political parties.

Budget gaps in coming fiscal years could run as high as $ 3.4 billion without a voluntary 2 percent cap on spending increases in the state budget, Comptroller Tom DiNapoli's office found in a report released Monday.

Cuomo in January projected a $ 2 billion surplus by 2016 - 17 — he spoke of achieving this surplus in the present tense — as well as surpluses in coming budget years, as long as the state sticks to a 2 percent cap on spending increases during that time.

Cuomo was endorsed earlier today by the business lobbying group, which cited his efforts to install a cap on local property tax increases, limits on spending hikes in state budgets and an uptick in the state's credit rating.

«This overall situation once again underscores the need to work even harder at the state level to provide new and ongoing tax relief to middle class families, starting with balancing our budget without any tax increases, lowering onerous energy taxes for seniors and other homeowners, and making the successful two percent property tax cap permanent,» Flanagan said.

The tax plan would require local governments to budget within the state's cap on local property tax levy increases and then in a second year find ways to share services.

Cuts to personnel and other expenses are on the table for the Niagara Falls School District, since the district faces a $ 6.5 million budget gap and can't increase the overall tax levy because of restrictions related to the state's tax cap.

The state over the last four years has adopted budgets that do not increase spending year over year by more than 2 percent, a voluntary cap that Cuomo wants to keep.